Gargoyle president Josh Parker said the RiverPark/Gargoyle Hedged Value Fund seeks to provide investors a conservative way to gain market exposure in today’s challenging investing environment.
"By selling index call options, the Fund seeks to generate an income cushion to partially hedge its long equity positions," Parker said.
According to the company, the new fund is a renovation of the Gargoyle Hedged Value Fund which has a 12-year performance record as a hedge fund.
The fund is being sub-advised by Gargoyle Investment Advisor, with Gargoyle’s co-founders Alan Salzbank and Joshua Parker as co-portfolio managers.
Designed to provide -term capital appreciation with lower risk than the broad stock market, the fund uses value-oriented stock investing and index option over-writing techniques, claims Gargoyle.
The fund manager will invest the capital in those companies, which have a minimum $1.5bn of market capitalization.
The hedge fund is offered in two share classes, including retail and institutional, with expense ratios of 1.50% and 1.25% respectively.
